Sowell Financial Services LLC Invests $312,000 in Stifel Financial Corporation (NYSE:SF)

Sowell Financial Services LLC bought a new position in shares of Stifel Financial Corporation (NYSE:SF - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,305 shares of the financial services provider's stock, valued at approximately $312,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SF. Norges Bank acquired a new stake in shares of Stifel Financial in the fourth quarter valued at $137,448,000. FMR LLC grew its position in Stifel Financial by 8.5% in the 4th quarter. FMR LLC now owns 8,628,832 shares of the financial services provider's stock valued at $915,346,000 after acquiring an additional 672,420 shares in the last quarter. Wellington Management Group LLP grew its position in Stifel Financial by 32.2% in the 4th quarter. Wellington Management Group LLP now owns 2,588,964 shares of the financial services provider's stock valued at $274,637,000 after acquiring an additional 630,255 shares in the last quarter. GAMMA Investing LLC increased its stake in Stifel Financial by 47,124.2% during the first quarter. GAMMA Investing LLC now owns 425,018 shares of the financial services provider's stock worth $40,062,000 after purchasing an additional 424,118 shares during the period. Finally, Walleye Capital LLC lifted its position in shares of Stifel Financial by 477.9% during the fourth quarter. Walleye Capital LLC now owns 238,945 shares of the financial services provider's stock worth $25,347,000 after purchasing an additional 197,598 shares in the last quarter. Institutional investors and hedge funds own 82.01% of the company's stock.

Wall Street Analysts Forecast Growth

SF has been the topic of a number of research reports. JPMorgan Chase & Co. reduced their target price on shares of Stifel Financial from $123.00 to $100.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. The Goldman Sachs Group reduced their price objective on Stifel Financial from $121.00 to $105.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Wolfe Research raised Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 target price for the company in a research note on Thursday, April 24th. Wall Street Zen upgraded Stifel Financial from a "sell" rating to a "hold" rating in a report on Saturday. Finally, Wells Fargo & Company decreased their price objective on Stifel Financial from $106.00 to $102.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $105.50.

Insider Activity at Stifel Financial

In other Stifel Financial news, Director Michael J. Zimmerman sold 10,000 shares of the business's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $96.69, for a total value of $966,900.00. Following the completion of the sale, the director now owns 45,833 shares in the company, valued at approximately $4,431,592.77. The trade was a 17.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.28% of the company's stock.

Stifel Financial Stock Up 1.7%

NYSE SF traded up $1.69 during trading on Wednesday, reaching $102.33. 690,407 shares of the company's stock were exchanged, compared to its average volume of 683,012. The company has a 50 day moving average price of $93.25 and a two-hundred day moving average price of $99.66. The stock has a market cap of $10.51 billion, a P/E ratio of 19.57 and a beta of 1.07. Stifel Financial Corporation has a 1 year low of $73.27 and a 1 year high of $120.64. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 0.81.

Stifel Financial (NYSE:SF - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.64 by ($1.15). The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.32 billion. Stifel Financial had a net margin of 12.26% and a return on equity of 13.88%. The business's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period last year, the company earned $1.49 earnings per share. On average, equities research analysts anticipate that Stifel Financial Corporation will post 8.26 EPS for the current fiscal year.

Stifel Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date was Monday, June 2nd. Stifel Financial's dividend payout ratio (DPR) is 35.18%.

Stifel Financial Profile

Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.